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Convert
Israeli New Shekel (ILS) to Liquity (LQTY) Instantly

Purchase Liquity (LQTY) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.

About
Liquity (LQTY)

Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers a unique approach to DeFi lending. Its core function is to allow users to draw interest-free loans against their Ether (ETH) collateral. These loans are paid out in LUSD, a fully redeemable, USD-pegged stablecoin. A primary innovation of this digital asset protocol is its exceptional capital efficiency, requiring a minimum collateral ratio of only 110%. This design makes it one of the most accessible on-chain borrowing solutions available within the decentralized finance ecosystem, directly addressing the issue of over-collateralization common in other platforms.

The system’s architecture is rooted in true decentralization. Liquity’s smart contracts are immutable and the protocol operates without any form of governance, minimizing human intervention and creating a more predictable financial instrument. Its robust liquidation mechanism is managed algorithmically and supported by a Stability Pool, where LUSD holders can deposit their tokens to participate in liquidating under-collateralized positions, known as Troves. The native utility token, LQTY, is not a governance token. Instead, its primary function is for staking. By staking LQTY, holders earn a share of the protocol fees generated from LUSD issuance and redemptions, providing a direct revenue stream from the protocol's core operations.

Liquity (LQTY)

How to Buy Liquity (LQTY)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose ILS to LQTY Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Liquity Wallet Address

    Provide your LQTY wallet address and proceed with the payment.

  3. 03

    Receive Your Liquity

    Complete the payment, and your LQTY will be sent to your wallet.

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Frequently asked questions

  • What's the best way to buy Liquity (LQTY) with Israeli Shekel (ILS)?

    Direct ILS/LQTY trading pairs are uncommon. The typical process involves using a fiat on-ramp or a regulated Israeli cryptocurrency exchange to convert ILS into a major digital asset like Ethereum (ETH) via a shekel bank transfer. Once you have ETH, you can use a decentralized exchange (DEX) to swap it for LQTY, the governance token of the decentralized borrowing protocol Liquity.
  • What is the primary function of the LQTY token within the Liquity protocol?

    The LQTY token's main utility is to capture protocol revenue. Users can stake their LQTY tokens to earn a share of the issuance and redemption fees generated by the LUSD stablecoin. These fees are collected when users open or close 'Troves' (collateralized debt positions) by depositing ETH to borrow the LUSD stablecoin.
  • Are there regulatory considerations for ILS to crypto transactions in Israel?

    Yes, any fiat on-ramp operating in Israel must adhere to KYC/AML (Know Your Customer/Anti-Money Laundering) regulations set by Israeli authorities. When using a shekel bank transfer to purchase digital assets, you will be required to verify your identity. It is crucial to use regulated Israeli platforms to ensure compliance and secure your transaction.
  • How does Liquity's Stability Pool work, and why is it important?

    The Stability Pool is the first line of defense in maintaining the LUSD stablecoin's peg. Users deposit LUSD into the pool, which is then used to absorb debt from liquidated Troves, ensuring the system remains solvent. In return for providing this stability, depositors earn the ETH collateral from these liquidations and also receive LQTY token rewards, creating a powerful incentive mechanism for protocol security.
  • What kind of fees are associated with converting ILS to LQTY?

    The process involves several potential fees. First, the fiat on-ramp exchange may charge a deposit fee for a shekel bank transfer and a trading fee for the ILS to ETH conversion. Second, when swapping ETH for LQTY on a decentralized exchange, you will incur a network transaction fee (gas fee) on the Ethereum blockchain, plus a liquidity provider fee for the DEX. Staking LQTY itself also requires a gas fee.
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